Update on Acrylic Fibre Industry:

In last few days, stock price of Pasupati Acrylic and Indian Acrylic have shot up sharply as govt is considering proposal of anti dumping duty on imports

1) Anti dumping duty process is lengthy. It can take nearly 1 year for decision to impose anti dumping duty. Hence Domestic mfr can't expect any relief in CY17 at least

2) Companies will report reasonably good profits for Q4. However raw material prices have risen from USD 1000 to 1600. Hence currently manufacturers are barely recovering the cost. Q1 will be very bad

3) Due to strong Re, export margins under pressure

Hence Investors are advised to refrain from buying at current levels and rather sell at every rise